The Pros and Cons of Allowing Pets in Your Rental Home

Man showcasing a model of a city

Making important choices about your rental property isn’t always easy. Most of the time, there are a variety of factors to consider. When deciding whether to allow pets in your rental home, be sure to look at the situation from all angles. At DKRentals.net, we help real estate investors in Atlanta, Roswell, Alpharetta, Marietta, Cumming, Norcross, Stone Mountain, Lawrenceville and other Metro Atlanta communities. After many years of experience, we have worked with many property owners who have experienced both success and regret over their decision to accept pets. There is no right or wrong answer, it truly depends on your unique situation. Just like with most complex decisions, there are both pros and cons. Before you hand over the lease agreement to your next tenant, be sure to make the following considerations.

Allowing Pets Can be a Great Way to Attract More Quality Tenants to Your Property

Gain More Interested Tenants

When a person has a pet, they are usually very close to their furry or feathered friend. Families can sometimes be even more attached because children are involved as well. Most people aren’t going to abandon their dog or cat because they’re moving. They make it a priority to find a home that accepts their animals, no matter what. To eliminate pets altogether can significantly decrease the number of available tenants in your area. Saying yes to pets can immediately put your property at the top of their list.

Higher Priced Rent

Renters who refuse to leave their four-legged family members are willing to pay more for rent. They understand that you’re taking a risk, and are usually accustomed to paying extra. That means you can ask for a non-refundable deposit, pet fees or even an extra “pet rent” every month.

Long Term Renters 

Pets do best in stable environments. Many tenants with animals prefer not to move Fido or Snowball more than necessary. If they are comfortable and happy with the property, they would need to be a large incentive to pack up and settle in to another house. While almost all renters leave eventually, you might have a better chance of renewing the lease several times before a family with pets decides moving is worth the hassle.

There Are Negative Consequences to Consider and Be Prepared For

Property Damage

Of course, the number one concern landlords have about pets is the risk of damage to the property. Large dog breeds could cause significant problems with walls, floors and other structures in the home. Animals that require a tank such as fish and turtles put the property in danger of water damage. Cats have a tendency to spray carpets, closets and other areas of the home leaving a stench that is very difficult to remove. Even pets that are kept outside can force you to fill holes, replant grass and repair landscaping.

Complaints from Neighbors 

Loud barking from dogs left outside while at work or overnight can instigate issues with neighbors. If severe and frequent enough, the noise disturbances may even be reported to the authorities. Irritated neighbors aren’t always a hassle for landlords to deal with, but owners of multi-unit properties might need to reconsider their pet policies. If you own a duplex or apartment building, then the disgruntled families next door are also your tenants. There’s a possibility they might choose to move out early or not renew their lease.

Interested in Professional Property Management for Your Atlanta Area Rental Home?

Are you an Atlanta area real estate owner who is ready to hire a quality property management team? Then contact DKRentals.net today. Our experts have been working with local residential and commercial property owners for many years and are ready to use our skills to help make your life easier. Call today to find out how we can help you.

Compare listings

Compare